Issuer Direct (NYSE:ISDR) Releases Earnings Results, Hits Expectations

Issuer Direct (NYSE:ISDR) released its earnings results on Thursday. The company reported $0.26 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.26, Yahoo Finance reports. Issuer Direct had a net margin of 4.19% and a return on equity of 11.59%. The business had revenue of $7.54 million during the quarter, compared to analyst estimates of $8.20 million.

Issuer Direct Stock Down 6.5 %

ISDR stock traded down $0.96 during midday trading on Friday, reaching $13.73. 7,849 shares of the company were exchanged, compared to its average volume of 9,890. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.93 and a current ratio of 0.93. Issuer Direct has a 1-year low of $13.00 and a 1-year high of $23.74. The stock’s 50-day simple moving average is $15.56 and its 200 day simple moving average is $16.89. The company has a market cap of $52.31 million, a price-to-earnings ratio of 38.81 and a beta of 0.88.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on ISDR. StockNews.com started coverage on shares of Issuer Direct in a report on Sunday, March 3rd. They issued a “hold” rating for the company. TheStreet cut shares of Issuer Direct from a “c” rating to a “d+” rating in a research report on Tuesday, November 14th.

Institutional Trading of Issuer Direct

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ISDR. Tower Research Capital LLC TRC grew its position in shares of Issuer Direct by 97.1% during the third quarter. Tower Research Capital LLC TRC now owns 1,867 shares of the company’s stock worth $37,000 after acquiring an additional 920 shares during the last quarter. Renaissance Technologies LLC grew its position in Issuer Direct by 2.8% in the 2nd quarter. Renaissance Technologies LLC now owns 34,738 shares of the company’s stock valued at $653,000 after buying an additional 955 shares during the last quarter. State Street Corp grew its position in Issuer Direct by 15.1% in the 1st quarter. State Street Corp now owns 7,998 shares of the company’s stock valued at $238,000 after buying an additional 1,050 shares during the last quarter. Vanguard Group Inc. grew its position in Issuer Direct by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 167,671 shares of the company’s stock valued at $4,985,000 after buying an additional 1,487 shares during the last quarter. Finally, BlackRock Inc. grew its position in Issuer Direct by 19.9% in the 2nd quarter. BlackRock Inc. now owns 10,328 shares of the company’s stock valued at $194,000 after buying an additional 1,716 shares during the last quarter. Institutional investors and hedge funds own 28.15% of the company’s stock.

Issuer Direct Company Profile

Issuer Direct Corporation operates as a communications and compliance company, provides solutions for both public relations and investor relations professionals in the United States and internationally. The company provides press release distribution, media databases, media monitoring, and newsrooms through media advantage platform; ACCESSWIRE, a news dissemination and media outreach service; and VisualWebcaster Platform, a cloud-based webcast, webinar, and virtual meeting platform that delivers live and on-demand streaming of events to audiences of various sizes, as well as allows customers to create, produce, and deliver events.